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Name | Symbol | Market | Type |
---|---|---|---|
Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 11.94 | 11.95 | 9 | 14:35:55 |
MILAN--Shareholders in Telecom Italia Spa approved on Tuesday a request from France's Vivendi SA to obtain four seats on the board of the Italian operator, in a surprise move that would give Telecom Italia's largest shareholder greater influence over the company's strategy.
At Telecom Italia's shareholders meeting, 52.9% of the shareholders voted in favor of the proposal to expand the company's board from 13 to 17 members, while 45.7% voted against, and 1.4% abstained.
The four representatives proposed by Vivendi are Arnaud Roy de Puyfontaine, Vivendi's chief executive, Stephane Roussel, the company's chief operating officer, Herve Philippe, its chief financial officer, and Felicite Herzog.
Write to Giada Zampano at giada.zampano@wsj.com
(END) Dow Jones Newswires
December 15, 2015 12:09 ET (17:09 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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